Alibaba and Baidu Stocks Surge. Stimulus Sets China Up for Best Week in a Decade. -- Barrons.com

Dow Jones09-26 18:55

By George Glover

It's been a stellar week for China's biggest and best-known stocks after years of doom and gloom.

Beijing has reassured investors with a long-awaited stimulus blitz designed to revive the world's second-largest economy after years of stagnant growth.

The rally took another leg higher on Thursday after a report by the state-run Xinhua News Agency said that the ruling Politburo had pledged to raise fiscal support and shore up China's embattled property market.

The Shanghai Composite closed 3.6% higher, while Hong Kong's Hang Seng Index finished the session up 4.2%.

China's flagship onshore index, the CSI 300, also surged 4.2%. The gauge is up 10.8% this week, putting it on course for its best five-day stretch since December 2014, according to Dow Jones market data.

Big-name Chinese stocks also extended their gains. American depositary receipts in e-commerce giant Alibaba jumped 6.1% ahead of the opening bell, while U.S. shares for its rival JD.com surged 8.9%. The ADRs of search-engine provider Baidu rose 5.5% in the premarket.

Write to George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

September 26, 2024 06:55 ET (10:55 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2470781864?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-26 18:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2470781864","market":"hk","top_or_hot":-1,"title":"Alibaba and Baidu Stocks Surge. Stimulus Sets China Up for Best Week in a Decade. -- Barrons.com","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By George Glover \n</p>\n<p>\n  It's been a stellar week for China's biggest and best-known stocks after years of doom and gloom. \n</p>\n<p>\n     Beijing has reassured investors with a long-awaited stimulus blitz designed to revive the world's second-largest economy after years of stagnant growth. \n</p>\n<p>\n     The rally took another leg higher on Thursday after a report by the state-run Xinhua News Agency said that the ruling Politburo had pledged to raise fiscal support and shore up China's embattled property market. \n</p>\n<p>\n     The Shanghai Composite closed 3.6% higher, while Hong Kong's Hang Seng Index finished the session up 4.2%. \n</p>\n<p>\n     China's flagship onshore index, the CSI 300, also surged 4.2%. The gauge is up 10.8% this week, putting it on course for its best five-day stretch since December 2014, according to Dow Jones market data. \n</p>\n<p>\n     Big-name Chinese stocks also extended their gains. American depositary receipts in e-commerce giant Alibaba jumped 6.1% ahead of the opening bell, while U.S. shares for its rival JD.com surged 8.9%. The ADRs of search-engine provider Baidu rose 5.5% in the premarket. \n</p>\n<p>\n     Write to George Glover at george.glover@dowjones.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 26, 2024 06:55 ET (10:55 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba and Baidu Stocks Surge. Stimulus Sets China Up for Best Week in a Decade. -- Barrons.com</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba and Baidu Stocks Surge. Stimulus Sets China Up for Best Week in a Decade. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-26 18:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By George Glover \n\n\n  It's been a stellar week for China's biggest and best-known stocks after years of doom and gloom. \n\n\n     Beijing has reassured investors with a long-awaited stimulus blitz ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1023057109.AUD","symbol_name":"BGF CHINA \"A2\" (AUDHDG) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2470781864","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470781864","pubTimestamp":1727348100,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"It's been a stellar week for China's biggest and best-known stocks after years of doom and gloom.Beijing has reassured investors with a long-awaited stimulus blitz designed to revive the world's second-largest economy after years of stagnant growth.The rally took another leg higher on Thursday after a report by the state-run Xinhua News Agency said that the ruling Politburo had pledged to raise fiscal support and shore up China's embattled property market.The Shanghai Composite closed 3.6% higher, while Hong Kong's Hang Seng Index finished the session up 4.2%.China's flagship onshore index, the CSI 300, also surged 4.2%. The gauge is up 10.8% this week, putting it on course for its best five-day stretch since December 2014, according to Dow Jones market data.Big-name Chinese stocks also extended their gains. American depositary receipts in e-commerce giant Alibaba jumped 6.1% ahead of the opening bell, while U.S. shares for its rival JD.com surged 8.9%. The ADRs of search-engine provid","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"89888":"百度集团-SWR","89988":"阿里巴巴-WR","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0054237671.USD":"FIDELITY ASIAN SPECIAL SITUATIONS \"A\" INC","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU0231483743.USD":"abrdn SICAV I - ALL CHINA SUSTAINABLE EQUITY \"A\" (USD) ACC","BK4548":"巴美列捷福持仓","BIDU":"百度","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","BK1608":"元宇宙概念","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","SG9999014674.SGD":"Nikko AM All China Equity A SGD","LU0132412106.USD":"abrdn SICAV I - EMERGING MARKETS EQUITY \"A\" (USD) ACC","IE00B543WZ88.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) ACC","BK4531":"中概回港概念","09988":"阿里巴巴-W","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","09618":"京东集团-SW","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","BK4509":"腾讯概念","IE00BGV7N243.SGD":"FSSA Global Emerging Markets Focus I Acc SGD","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","BK1609":"ChatGPT概念","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","09888":"百度集团-SW","LU0287142896.SGD":"Fidelity China Focus A-SGD","IE00B5MMRT66.SGD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (SGDHDG) ACC","BK1249":"综合零售","BK4077":"互动媒体与服务","LU0181495838.USD":"施罗德新兴亚洲A Acc","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","LU0029874905.USD":"TEMPLETON EMERGING MARKETS \"A\" INC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","BK4122":"互联网与直销零售","BABA":"阿里巴巴","LU0261950983.USD":"FIDELITY ASIAN SPECIAL SITUATIONS \"A\" ACC","JD":"京东","BK4551":"寇图资本持仓","LU0762542818.HKD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM\" (HKD) INC","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","LU0128522744.USD":"TEMPLETON EMERGING MARKETS \"A\" ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU0106959298.USD":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","LU0197773160.USD":"HSBC GIF ASIA PACIF EX JAPAN EQ HD \"AC\" ACC"},"translate_title":"阿里巴巴和百度股价飙升。刺激措施让中国迎来了十年来最好的一周。——Barrons.com","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"89888":0.6,"89988":0.6,"09888":1,"09988":1,"BABA":1,"BIDU":0.9,"JD":0.7,"09618":0.6},"content_text":"By George Glover \n\n\n  It's been a stellar week for China's biggest and best-known stocks after years of doom and gloom. \n\n\n     Beijing has reassured investors with a long-awaited stimulus blitz designed to revive the world's second-largest economy after years of stagnant growth. \n\n\n     The rally took another leg higher on Thursday after a report by the state-run Xinhua News Agency said that the ruling Politburo had pledged to raise fiscal support and shore up China's embattled property market. \n\n\n     The Shanghai Composite closed 3.6% higher, while Hong Kong's Hang Seng Index finished the session up 4.2%. \n\n\n     China's flagship onshore index, the CSI 300, also surged 4.2%. The gauge is up 10.8% this week, putting it on course for its best five-day stretch since December 2014, according to Dow Jones market data. \n\n\n     Big-name Chinese stocks also extended their gains. American depositary receipts in e-commerce giant Alibaba jumped 6.1% ahead of the opening bell, while U.S. shares for its rival JD.com surged 8.9%. The ADRs of search-engine provider Baidu rose 5.5% in the premarket. \n\n\n     Write to George Glover at george.glover@dowjones.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 26, 2024 06:55 ET (10:55 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Policy And Regulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470781864"}